--- title: "Walsh Bay & Millers Point, Sydney — Class A submarket" description: "Boutique waterfront trophy stock." canonical: https://classa.info/cities/sydney/walsh-bay-millers-point pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Walsh Bay & Millers Point is a prime-tier Class A submarket of Sydney with average asking rent around $78/sqft/yr. ## TL;DR - Boutique waterfront trophy stock. - Prime tier — ~$78/sqft/yr. - Strong Class A inventory. # Walsh Bay & Millers Point, Sydney — Class A submarket *Boutique waterfront trophy stock.* · Tier: prime · Avg rent: $78/sqft/yr ## TL;DR - Boutique waterfront trophy stock. - Prime tier — ~$78/sqft/yr. - Strong [Class A](/glossary/class-a) inventory. ## Overview Walsh Bay and Millers Point on Sydney's western harbour edge host boutique waterfront trophy stock favored by media, advertising, and creative HQs. ## Tenant profile Media, advertising, creative agencies, professional services. ## Typical specification 20–40,000 sqft floor plates available across newer Class A stock. ## Transit Wynyard, Barangaroo via walking tunnel. Multi-modal transit with high commute capture from the city's professional catchment. ## Amenities Walsh Bay arts precinct, Pier One waterfront. ## Comparable buildings - **Pier 8/9** [](https://www.google.com/maps/search/?api=1&query=Pier%208%2F9%2C%2023%20Hickson%20Road%2C%20Walsh%20Bay%20NSW%202000%2C%20Walsh%20Bay%20%26%20Millers%20Point%2C%20Sydney%2C%20Australia&query_place_id=ChIJaaxp_pWvEmsRPXzheMNu078) - **Walsh Bay Pier 2/3** [](https://www.google.com/maps/search/?api=1&query=Walsh%20Bay%20Pier%202%2F3%2C%2013A%20Hickson%20Road%2C%20Walsh%20Bay%20NSW%202000%2C%20Walsh%20Bay%20%26%20Millers%20Point%2C%20Sydney%2C%20Australia&query_place_id=ChIJgb9LGwCvEmsR_Dvwio_wPwQ) ## Where Walsh Bay & Millers Point sits in Sydney Walsh Bay & Millers Point is one of 6 Class A submarkets we cover in Sydney, classified as prime tier with an average asking rent around $78/sqft/yr. Compared with the broader Sydney Class A stock, Walsh Bay & Millers Point typically attracts Media, advertising, creative agencies, professional services and competes most directly with the city's other prime submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside Walsh Bay & Millers Point: [Core CBD](/cities/sydney/core-cbd), [Barangaroo](/cities/sydney/barangaroo), [Circular Quay & Bridge](/cities/sydney/circular-quay-bridge), [North Sydney](/cities/sydney/north-sydney). The full Sydney submarket atlas is at [/cities/sydney](/cities/sydney). ## Topic deep-dives for Walsh Bay & Millers Point For an institutional Class A occupier evaluating Walsh Bay & Millers Point, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [Walsh Bay & Millers Point — ](/cities/sydney/walsh-bay-millers-point/rents-and-availability) - [Walsh Bay & Millers Point — ](/cities/sydney/walsh-bay-millers-point/tenant-profile) - [Walsh Bay & Millers Point — ](/cities/sydney/walsh-bay-millers-point/transit-and-commute) - [Walsh Bay & Millers Point — ](/cities/sydney/walsh-bay-millers-point/amenity-and-lifestyle) - [Walsh Bay & Millers Point — ](/cities/sydney/walsh-bay-millers-point/trophy-and-comparables) - [Walsh Bay & Millers Point — ](/cities/sydney/walsh-bay-millers-point/fit-out-and-spec) ## Related glossary Terminology specific to Sydney Class A leasing and to the prime tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## Editorial provenance Reviewed by [**Kenji Watanabe**](/about/authors/kenji-watanabe) — APAC contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/sydney/walsh-bay-millers-point), updated 2026-04-15T00:00:00.000Z.